Crypto Market in a Free Fall: You Don't Lose, If You Don't Sell

Hello Everyone,

What the past 24hours it has been in the crypto space has the prices of Bitcoin and other coins suffered greatly in terms of prices resulting in a huge sell off thus bringing the market cap to $927.14B with over 10% decrease.

As at the time of writing this, Bitcoin currently hovers around $21k after initially going as low as $20k which is the lowest we have seen in a very long time. The impact of all this is not a good one has it causes lots of panic. With many stop loss now triggered we might be testing 18k and low soon.

Investing in crypto is a very risky enterprise as you stand the chance of losing all of your funds. However while many be emotional and selling at a loss, I chose to rather remain resolute and buy the dip with available funds at my disposal.

Over the years the market has always thought me to buy when everyone is selling. Smart investors don't fret in the face of panic but rather accumulate. Doing is the opposite in the times like this is the right thing. You don't lose if you don't sell.

It might be a really terrible sight seeing your portfolio dwindle greatly but only thing to do right now is wait it out. Word of advice, hang in there. This is all a phase and it must pass. Crypto is for the strong hearted.

Glad to hold some stable coins. If you do, right now might be a good time to make use of it with your favorite crypto are all selling at a discount. For instance, it's interesting seeing Hive trading at 34 cent. Big discount if you ask me.

Last words, Don't fret, hang in there. This too shall pass.

Thanks for Reading

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